Jeff Chiate Chiate: “Rent spreads are currently 10% between class-A and -B/C buildings, whereas just two years ago spreads for these same classes were as much as 30% to 40%.”

IRVINE, CA—Last-mile industrial is bringing new life to outmoded facilities that are well located, and rent spreads between classes are expected to continue tightening as more last-mile users target these spaces, Cushman & Wakefield’s executive managing director, industrial capital markets, Jeff Chiate tells